Typically, in order to participate in the B Loan Program, a financial institution must be an Eligible Financial Institution ("EFI"). To qualify as an EFI, a financial institution will need to meet all of the following criteria:
IFC wants to ensure that participants make their decision(s) based on purely commercial reasons, and needs to ensure that participants are financially healthy. A participant cannot be incorporated in the country of the borrower, since IFC's B Loan Program seeks to attract offshore capital to IFC's borrowing member countries.
There is a committed group of financial institutions that frequently participate in IFC’s B Loan Program. Currently, over 174 international banks and institutional investors are participating in the Program. Many of the participants are European commercial banks. Below you will find a list of the top 20 participants as of December 31, 2013.